knowledge
Incomes cover savings, consumption and tax.
application
Explain the differences between savings and consumption and give an example respectively.
knowledge
People save money which they choose to use later.
application
Describe what is given up if one puts 100 yuan into his or her saving account.
knowledge
There are many places where you can deposit money, including piggy banks at home, commercial banks, credit cooperatives and so forth. Money lent to others is also a kind of savings.
application
Draw a map with marks of different places where you can deposit money.
knowledge
People set goals for savings to drive them to deposit more. Such goals can be buying a good or service at a certain time.
application
Read a children’s book on savings and find out whether the protagonist has set a goal for saving and whether he or she achieves it.
knowledge
A well-designed saving plan can help people achieve their goals.
application
Set a goal yourself and work out a specific plan for it.
knowledge
When people deposit money in a bank, they will get interest back. Banks pay interest to have more deposits and people put money into saving accounts for the sake of security.
application
Describe the advantages of banks over piggy banks for you.